Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$233,091$233,091$247,410
Remaining term (yrs)27.527.530.0
Secondary amount$0$28,064$0
Funding fee$0$0$0
Note rate6.820%6.820%7.400%
Blended rate7.370%7.854%7.640%
1st payment$1,562.85$1,562.85$1,713.02
2nd payment$0.00$277.71$0.00
Taxes / mo$262.92$262.92$262.92
Insurance / mo$150.00$150.00$150.00
MI / mo$109.65$109.65$49.48
HOA / mo$282.00$282.00$282.00
Total monthly$2,367.42$2,645.13$2,457.42
Cash to close$41,809$13,745$27,490